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Consolidated statements

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Consolidated statements

  • This topic has 4 replies, 2 voices, and was last updated 11 years ago by John Moffat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • December 7, 2013 at 5:16 pm #151532
    jyotijoshi
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Could you please explain the figure of £ 4000 in this question.
    Jan o5 a acq 80percent of the share cap of b for 100,000 at this date share cap of b consisted 50,000 @1 shares and reserves of 30,000 .at the 31 dec06 the reserves of a b were as follows. A 400,000 b 50,000 the fair value of nice at acq was 75,000. What figure should appear in the consolidated statement of f/p of a and it’s sub b for non controlling int.
    The answer is 79,000 . I tried 16000 but don’t know how to get 4000 to add to 75000.

    Thanks in advance

    December 7, 2013 at 6:14 pm #151539
    jyotijoshi
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    50000 at the date 30000 at the acq= 20000*.20%= 4000 +75000= 79000:)

    December 8, 2013 at 2:07 pm #151628
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    That’s correct 🙂

    December 8, 2013 at 2:45 pm #151632
    jyotijoshi
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Cash flows,
    Operating profit 469,850 for 06. Dep 37,400 on the income s it includes 7,600 loss on disposal of non c asset.

    2005
    Inv 167
    Receivables 203
    Prepayments 16
    Trade payables 212
    Int accrual 28

    2006

    Inv 145
    Rece 202
    Preps 27
    Payables 196
    Inc a 6
    what is the cash generated from operation.

    Ans 503,250

    Please please could you explain this with full breakdowns I think I know the method, first sales then purchase n operating activities but can’t put the figures together at all, knowing the breakdown will increase my chances to get these questions correct on Tuesday.

    Thanks again Jon Moffat

    December 8, 2013 at 3:26 pm #151637
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    Take the operating profit.
    Add depreciation
    Add decrease in inventory
    Add decrease in receivables
    Subtract decrease in payables
    Subtract increase in prepayments

    I don’t know what you mean by taking first sales and then purchases – you can only be asked the indirect method.

    PS PLEASE do not ask questions about statements of cash flows under the topic consolidated statements. If it is a different topic then you MUST start a new forum topic.

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